With a surplus of 349 million dollars in the Current Account for the month of October 2024, Pakistan’s information technology exports reach the 330 million dollar milestone. This is in contrast to the surplus of 86 million dollars and 29 million dollars that Pakistan experienced in September 2024 and August 2024, respectively.

In October 2024, Pakistan’s information technology exports reached 330 million dollars, representing a 36 percent year-on-year increase and a 13 percent month-on-month gain.

IT exports in the first four months of fiscal year 25 were around 1.21 billion dollars, which is a 35% increase from the previous year. This is the thirteenth straight month of year-over-year growth on the IT export front.

In October 2024, Pakistan’s current account showed a surplus of 349 million dollars, which is significantly higher than the surpluses of 86 million dollars observed in September 2024 and 29 million dollars in August 2024, respectively.

It is the third consecutive month that a current account surplus has been recorded, and the volume of this surplus is the greatest it has been since March of 2024, according to statistics that was issued by the State Bank of Pakistan.

According to Prime Minister Muhammad Shehbaz Sharif, the economy of Pakistan appears to be on a more stable foundation that is improving. A lengthy briefing from the Ministry of Finance was followed by this statement.

A confident statement was made by the Prime Minister regarding the fact that the economic recovery of the country is currently underway.

On Monday, the Pakistan Cricket Board (PCB) announced the hiring of former fast bowler Aaqib Javed as the interim head coach of the Pakistan men’s cricket team till the ICC Champions Trophy 2025.

Throughout this period, Aaqib will maintain his role as a senior member of the men’s National Selection Committee and will be allocated more responsibilities upon the completion of the eight-team tournament.

The PCB will commence the recruitment process for a permanent white-ball head coach, with the objective of finalising the appointment before the conclusion of the ICC Champions Trophy, which is set to take place from 19 February to 9 March.

The white-ball coaching position became available with Gary Kirsten’s departure last month, prior to the current tour of Australia.

In Kirsten’s absence, red-ball head coach Jason Gillespie led the team during the tour of Australia and will now return for the forthcoming two-Test series in South Africa.

The Pakistan men’s team is set to compete in three ODIs and three T20Is in Zimbabwe from November 24 to December 5, followed by an equal number of white-ball matches in South Africa from December 10 to 22.

Prior to the ICC Champions Trophy 2025, Pakistan will host New Zealand and South Africa for an ODI triangular series from February 8 to 14.

Aaqib Javed had considerable coaching expertise, having formerly held the position of Pakistan’s bowling coach during their triumphant ICC T20 World Cup campaign in 2009. Earlier this year, he served as the bowling coach for the Sri Lanka men’s squad.

Before that, he managed the United Arab Emirates (UAE) in achieving ODI status and qualifying for the ICC World Cup 2015 in Australia during his term as head coach.

Additionally, the right-arm fast bowler served as the coach of Pakistan’s Under-19 squad during their victory in the U19 World Cup in 2004.